Jordan John T. Jr. 4
4 · Limbach Holdings, Inc. · Filed Jun 1, 2018
Insider Transaction Report
Form 4
Jordan John T. Jr.
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-01-01−2,000→ 4,000 total→ Common Stock (2,000 underlying) - Exercise/Conversion
Common Stock
2018-01-01+2,000→ 4,916 total - Tax Payment
Common Stock
2018-03-01$11.84/sh−708$8,383→ 4,208 total
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Limbach Holdings, Inc. (the "Company") common stock, exempt under Rule 16b-3.
- [F2]The reporting person initially filed a Form 4 on September 1, 2017 (the "Initial Form 4") reporting the award of 25,000 RSUs granted on 08/30/2017. Fifty percent (50%) of this RSU award was granted subject to service-based vesting conditions and vests in equal installments on each of August 30, 2017, August 1, 2018 and August 1, 2019, subject to continued employment through the applicable vesting date. The remaining fifty percent (50%) of the award is subject to performance-based vesting conditions disclosed in the Initial Form 4. The Initial Form 4 inadvertently omitted 2,816 shares of common stock from Table I, which is related to the portion of the RSUs that vested on August 30, 2017, net of shares forfeited for withholding. This Form 4 correctly includes those 2,816 shares in Box 5 to Table I of this filing, in addition to the vesting of the RSUs disclosed in Line 1 to Table I.
- [F3]Shares withheld by the Company to satisfy minimum tax withholding requirements.
- [F4]This award of RSUs was granted on 08/30/2017. The remaining RSUs vest equally on January 1, 2019 and January 1, 2020, subject to continued employment through the applicable vesting date.